Shanghai chlor alkali chemical Limited by Share Ltd 2016 semi annual report summary – Sohu securities important of the 1.1 semi annual report from the semi annual report, investors want to know the details, should carefully read and published on the Shanghai stock exchange website Chinese commission the semi annual report on the designated website. 1.2 company profile two major financial data and financial data of 2.1 main shareholders: unit: RMB yuan 2.2 of the top ten shareholders unit: 2.3 shares the controlling shareholder or actual controller to change the situation is not suitable for three management discussion and analysis (a) the board discussion and Analysis on the operation of the company in 2016 report during the period, Chinese economy has entered a new normal L "development, chlor alkali industry as an important basic chemical raw materials industry, facing to production, to inventory pressure reduction, the contradiction of the prominent pile up in excess of requirement. In the first half of the year, the development of chlor alkali industry mainly embodies four characteristics: first, the production capacity of leading products has changed slightly, the output has been increased, and the operating rate has been improved. The first half of caustic soda production capacity increased slightly, PVC capacity continued negative growth, as of the end of June, compared to the end of caustic soda production capacity growth of 260 thousand tons, PVC capacity is reduced in the first half of 150 thousand tons. Two is the domestic caustic soda market is relatively stable, PVC market overall upward. The domestic caustic soda market in the first quarter of the overall performance of the doldrums, the two quarter of regional price movements vary, but the PVC market in the first half continued to rise, prices relatively strong, especially in late June by the PVC futures market rose to PVC, the overall rise in the spot price. Three is the export market caustic soda exports shrink, while the PVC export growth. Caustic soda accumulated export of 960 thousand tons, a decrease of 81 thousand tons, PVC exports of 570 thousand and 400 tons, an increase of 46%. Four, although the profitability of the industry has improved, but the main downstream industry growth is still weak, the main raw material market continues to slump. Since 2015, the real estate investment in new projects, lack of power, the main downstream industry plastic production in recent years of sluggish growth, 2016 plastic industry in the first half growth rate has improved, but the application of PVC in the main downstream pipe and profile industry is still weak. The alumina industry continues to weaken, and the pull effect on the demand for caustic soda has been weakened. In the face of complex and difficult business situation, the company actively, to grasp the science, "lowering the efficiency of transformation and development" as the guiding ideology, and promote the construction of the project area of chemical industry, the steady implementation of structural adjustment in Wujing area, accelerate the exploration of the strategy of "going out" pace. In the first half of the year, the production and operation of the company went smoothly, and the operating income was 3 billion 119 million yuan. The net profit attributable to the shareholders of the listed company was 12 million 330 thousand yuan. First, vigorously promote the strategic adjustment of the company 1, and further accelerate the project process in the chemical industry zone. The key project of chemical industry zone and the preliminary work of each project are the basic conditions for the implementation of the development strategy of "high end agglomeration of chemical industry zone". In the first half of 2016, the company firmly implemented the project, strict time node, according to the plan to promote the project preliminary work. The present day has been completed